Davis Polk advised Morgan Stanley & Co. LLC, as sole lead and book-running manager, in connection with the offering by Seagate HDD Cayman of $800 million aggregate principal amount of its 3.75% senior notes due 2018. The notes are unconditionally guaranteed by Seagate Technology plc. The notes were sold in an offering exempt from registration pursuant to Rule 144A and Regulation S.
Based in the Cayman Islands, Seagate HDD Cayman is a subsidiary of Seagate Technology plc, which is a leading provider of electronic data storage products.
The Davis Polk corporate team included partner Michael Kaplan, associates Marcel Fausten and Julian Russo and foreign temporary assocaite Barbara Clear. Counsel Loyti Cheng and associate Amy E. Turner provided environmental advice. The tax team included partner Michael Farber, associate Adam B. Perry and law clerk Christopher A. Baratta. Partner Frank J. Azzopardi and associate Bruce Rose-Innes provided intellectual property advice. Rosemarie Melendez was the legal assistant on the transaction. Members of the Davis Polk team are based in the New York office.